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United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 18-B, § 1203: Scope, 2021

This section says the Act applies to certain express trusts, does not apply to trusts held solely for charitable purposes, and does not limit or affect certain trust powers and settlor abilities.

Source excerpt

decanting powertrust administrationtrust instruments
Jurisdiction
United States — Maine
Structure
1 provisions
Official identity
Year 2021
Dates
Enacted 2021 · Source version 1 Oct 2025
More statute details
Dates
Enacted 2021 · Source version 1 Oct 2025
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“This section says the Act applies to certain express trusts, does not apply to trusts held solely for charitable purposes, and does not limit or affect certain trust powers and settlor abilities.”

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    Enacted 2021 · Source version 1 Oct 2025. The date shown identifies this source expression and should not be treated as proof that no later change exists.

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Scope

This section says the Act applies to certain express trusts, does not apply to trusts held solely for charitable purposes, and does not limit or affect certain trust powers and settlor abilities.

Section 1203

04

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Source record from legislature.maine.gov · Enacted 2021 · Source version 1 Oct 2025

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Provision
§ 1203ScopeProvision

Source excerpt

This section says the Act applies to certain express trusts, does not apply to trusts held solely for charitable purposes, and does not limit or affect certain trust powers and settlor abilities.

1. Express trust. Except as otherwise provided in subsections 2 and 3, this Act applies to an express trust that is irrevocable or revocable by the settlor only with the consent of the trustee or a person holding an adverse interest. [PL 2021, c. 235, §1 (NEW).] 2. Trust solely for charitable purposes. This Act does not apply to a trust held solely for charitable purposes. [PL 2021, c. 235, §1 (NEW).] 3. Restricted or prohibited decanting power. Subject to section 1214, a trust instrument may restrict or prohibit exercise of the decanting power. [PL 2021, c. 235, §1 (NEW).] 4. Power not limited. This Act does not limit the power of a trustee, powerholder or other person to distribute or appoint property in further trust or to modify a trust under the trust instrument, a law of this State other than this Act, common law, a court order or a nonjudicial settlement agreement. [PL 2021, c. 235, §1 (NEW).] 5. Ability of settlor. This Act does not affect the ability of a settlor to provide in a trust instrument for the distribution of the trust property or appointment in further trust of the trust property or for modification of the trust instrument. [PL 2021, c. 235, §1 (NEW).]
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  • 1 Oct 2025 · currentEnglish

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